Toronto Dominion Bank Increases Stock Holdings in UDR, Inc. (NYSE:UDR)

Toronto Dominion Bank boosted its stake in UDR, Inc. (NYSE:UDR) by 68.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,826 shares of the real estate investment trust’s stock after acquiring an additional 60,839 shares during the quarter. Toronto Dominion Bank’s holdings in UDR were worth $6,793,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UDR. Wealth Enhancement Advisory Services LLC grew its holdings in UDR by 25.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,847 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 1,612 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of UDR by 17.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,204 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 1,050 shares in the last quarter. Blue Trust Inc. increased its position in shares of UDR by 1,018.3% during the second quarter. Blue Trust Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 947 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of UDR by 5.9% in the second quarter. Fifth Third Bancorp now owns 20,091 shares of the real estate investment trust’s stock worth $827,000 after acquiring an additional 1,117 shares in the last quarter. Finally, GYL Financial Synergies LLC boosted its holdings in UDR by 12.4% in the second quarter. GYL Financial Synergies LLC now owns 56,149 shares of the real estate investment trust’s stock valued at $2,311,000 after purchasing an additional 6,198 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UDR. JPMorgan Chase & Co. lifted their price objective on UDR from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group began coverage on shares of UDR in a research note on Wednesday, September 4th. They issued a “sell” rating and a $42.00 price target for the company. BNP Paribas assumed coverage on shares of UDR in a research note on Wednesday, September 11th. They set an “outperform” rating and a $49.00 price objective on the stock. Royal Bank of Canada dropped their target price on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.19.

UDR Trading Down 0.8 %

NYSE:UDR opened at $44.47 on Friday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 120.19, a P/E/G ratio of 12.34 and a beta of 0.87. The business has a 50 day simple moving average of $44.37 and a 200 day simple moving average of $42.96. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a 12-month low of $34.19 and a 12-month high of $47.55.

UDR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.70 annualized dividend and a dividend yield of 3.82%. UDR’s dividend payout ratio is currently 459.47%.

UDR Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.